Community Financial Services Group LLC Has $5.52 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Community Financial Services Group LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,004 shares of the utilities provider’s stock after purchasing an additional 2,195 shares during the period. NextEra Energy makes up approximately 1.1% of Community Financial Services Group LLC’s holdings, making the stock its 29th largest holding. Community Financial Services Group LLC’s holdings in NextEra Energy were worth $5,520,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new position in NextEra Energy in the third quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter worth about $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.9 %

Shares of NextEra Energy stock opened at $70.36 on Wednesday. The business has a fifty day simple moving average of $71.52 and a 200 day simple moving average of $77.00. The stock has a market cap of $144.69 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Barclays increased their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.